e& H1 2026 earnings and asset sales
Analysis based on 13 articles · First reported Jul 30, 2026 · Last updated Jul 31, 2026
Etisalat's strong operational performance and strategic asset sales are likely to boost investor confidence and support the stock price. The divestitures sharpen focus on core businesses and provide substantial cash for reinvestment or shareholder returns.
Etisalat (formerly Etisalat) reported strong financial results for the first half of 2026, with consolidated revenue increasing 11.6% year-on-year to AED 38.1 billion and net profit growing 2.4% to AED 6.0 billion (excluding one-time gains from the sale of Khazna Data Centers and the Maroc Telecom settlement in H1 2025). EBITDA rose 13.1% to AED 17.7 billion, with a margin of 46.5%. The group's subscriber base expanded 30.4% to 251.5 million. Etisalat also completed a strategic portfolio reset, selling its entire stake in Vodafone for gross proceeds of AED 21.9 billion (USD 5.95 billion) and a net cash return of AED 4.8 billion, and sold a 12.5% stake in Careem Technologies to Uber for AED 367 million (USD 100 million). An interim dividend of 47.5 fils per share was declared, up 10.5% year-on-year.
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